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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Carney, the former governor of the Bank of England (and Canada) established GFANZ with billionaire Michael Bloomberg at the COP26 UN climate summit last November in Glasgow. and Canadian banks and large investment managers. . says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.

Net Zero 360
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Why Stand Alone ESG Ratings Could Improve Reporting

Strategic Sustainability Consulting

While Environmental, Social, and Governance (ESG) ratings are becoming more prominent with over $120 billion funneled into sustainable investments in 2021 (more than double the $51 billion from 2020), these ratings are an imperfect effort for sharing relevant information with investors.

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Credible Data for a Sustainable Future

Chris Hall

The International Organization of Securities Commissions (IOSCO), the global standard-setter for securities markets, has now published important recommendations to foster confidence in this key link in the sustainable investment chain. Third, information underpinning ratings and data products should be reliable and accurate.

COP26 52
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UK Must “Harness the Power” of its Green Taxonomy – GTAG

Chris Hall

Further, the UK’s Financial Conduct Authority (FCA) has delayed the publication of the Sustainability Disclosure Requirements (SDR) policy statement from Q3 to Q4 of this year, with the resulting implementation of its labelling scheme, product naming and marketing rules now expected H2 2024.Levick

Banking 59
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More Focus, More Impact 

Chris Hall

Many of the tools in the sustainable investing toolbox are not up to the job, he argued, which is why universal owners are bound to fail when they try to internalise climate targets within their portfolios. “So-called

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Can Sustainability Standards Minimise Friction and Divergence?

Chris Hall

With the consultation periods for both the International Sustainability Standards Board’s (ISSB) climate and general sustainability standards and the European sustainability reporting standards (ESRSs) now closed, this explainer touches on the sticking points which will need to be smoothed out ahead of their being finalised later this year. .

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Think Global, Act Local

Chris Hall

Management of nature-related risks, impacts and dependencies could soon become central to asset owners’ sustainable investment strategies. Alongside its many harrowing and destructive impacts, Russia’s invasion of Ukraine has provided an unintentional boost to the aims of COP26.